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How Biden Adopted Trump’s Trade War With China

The Daily

The New York Times

News, Daily News

4.597.8K Ratings

🗓️ 13 May 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

Donald Trump upended decades of American policy when he started a trade war with China. Many thought that President Biden would reverse those policies. Instead, he’s stepping them up. Jim Tankersley, who covers economic policy at the White House, explains.

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0:00.0

From the New York Times, I'm Sabrina Taverny Sea, and this is The Daily.

0:07.0

Donald Trump upended decades of American policy when he started a trade war with China.

0:20.0

Many thought that President Biden would reverse those policies.

0:25.0

Instead, he's stepping them up.

0:28.0

Today, my colleague Jim Tankers's Sleep, Explains.

0:48.0

It's Monday, to be here,

0:49.0

Sperina, thank you so much.

0:50.0

So we are going to talk today about something I find very interesting and I know you've been following

0:56.7

We're in the middle of a presidential campaign

0:58.9

You are an economics reporter looking at these two candidates and you've been trying to

1:03.2

understand how Trump and Biden are thinking about our number one economic

1:09.0

rival and that is China. As we know Trump has been very loud and very clear about his views on China.

1:17.1

What about Biden?

1:18.1

Well, no one is going to accuse President Biden of being as loud as former President Trump.

1:24.0

But I think he's actually been fairly clear in a way that might surprise a lot of people

1:28.6

about how he sees economic competition with China.

1:32.3

We're going after China in the wrong way.

1:35.0

China is stealing intellectual property.

1:38.0

And Biden has kind of surprisingly sounded a lot in his own Joe Biden way like Trump.

1:44.6

They're not competing, they're cheating, they're cheating, and we've seen the damage here in America.

1:50.8

He has been very clear that he thinks China is cheating in trade.

1:57.0

The bottom line is I want fair competition with China, not conflict.

...

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